Markets

Crude Oil - Daily Technical Forecast

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Crude Oil closed higher on Monday and above the 10-day moving average crossing thereby tempering the near-term bearish outlook in the market. The high-range close sets the stage for a steady to higher opening on Tuesday. At the same time, stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off last week's high, August's low crossing is the next downside target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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